We’re excited to share some fantastic news for all our customers in Israel! Wise has officially removed the transfer limits for ILS (Israeli Shekel) transactions. You can now send over 50,000 ILS per transfer from your Wise account with ease and flexibility.
Who Are Wise?
Wise, formerly known as TransferWise, is a London-based financial technology company that revolutionizes international money transfers.
Founded in 2011 by Taavet Hinrikus and Kristo Käärmann, Wise emerged from the founders’ frustration with the high fees and poor exchange rates offered by traditional banks. Today, Wise is a leading name in the fintech world, known for its transparency, low fees, and real exchange rates.
The company serves millions of customers worldwide, providing a range of services that include personal and business money transfers, borderless multi-currency accounts, and debit cards.
How to Get Started
- Log into Wise and tap “Send”.
- Select “ILS” as the currency.
- Prepare a Secondary ID document.
- Record a Video of yourself, as requested.
- Complete the Process and we’ll handle the rest.
Wise Fees
One of the key reasons why Wise stands out as an excellent choice for international money transfers is their commitment to low fees and transparency.
Unlike traditional banks that often hide their charges in poor exchange rates, Wise uses the real mid-market exchange rate and shows you exactly what fees you will pay upfront. This means no surprises or hidden costs, allowing you to transfer money with confidence.
Our experience consistently shows that Wise offers some of the best rates and lowest fees in the market. This makes Wise not only a cost-effective solution but also a trustworthy one, ensuring your money goes further with each transfer.
Always Compare Your Fees and Exchange Rates
When transferring money internationally, it is crucial to compare fees and exchange rates offered by different providers before making a decision.
Many traditional banks and financial institutions charge hidden fees and offer unfavorable exchange rates, which can significantly reduce the amount of money your recipient receives.
Using online comparison tools can help you understand the true cost of a transfer and ensure you get the best deal. Additionally, consider the speed of the transfer and any additional services offered.
By taking the time to compare your options, you can save money and ensure your funds reach their destination efficiently and securely.
Even though we suggest Wise, there may always be better solutions out there. The best way to know which solution is the best for you is to check what would be the final amount to be received on the other side, with the same initial amount. E.g. ask how much would be received on the other end for $1000.
